After acquiring a basic knowledge of what bitcoin is and how the wallet really work, you really should enter the digital currency world and get some bitcoin for yourself. Thus the big question arrives to your mind: How do you get bitcoins?
Becoming difficult.
After you get the understanding of the origin of every single bitcoin, which is predicated on a mining process, you’ll think that the best way to have them is by joining this mining process. The thing is that, this has become very hard, because the fast popularity grow of the crypto currency.
Sell products or services.
Every single bitcoin comes as the consequence of a previous transaction. Thus, the best way to get them, when you don’t have any, is by finding a transaction from someone else, when you purchase them using cash or also by mining new bitcoins.
When you know a person, who uses bitcoins, you can ask him/her to obtain bitcoins. In case you have no idea anyone who posses them, you will get bitcoins by offering another kind of transaction with just another bitcoin user, resulting you getting paid in bitcoins. The choice option is by mining them yourself.
Mining.
In the event you cannot purchase bitcoin from someone else, you can get them by mining them. The word mining here means: solving a complex mathematical problem, which intention would be to validate other individuals transactions. In exchange you’re awarded with bitcoins. Receiving bitcoins is sometimes free, but a fee could be included for sending them, it depends on the online platform you utilize. Before getting into mining bitcoins, you need to understand, that it’s not an easy solution to get bitcoins, it requires some tech knowledge, which may not be practical for you.
Buy.
In case, you don’t know anyone who posses bitcoins, you do not have anything to sell to switch for bitcoins, there’s a way to buy bitcoins. There’re several online platforms, these sell bitcoins by way of a process called trading/exchanging. Here I list some methods for you to purchase bitcoins:
Buy bitcoins from a person.
There are online marketplaces where you can buy bitcoins in a person-to-person scheme. cryptocurrency can pay these individuals with cash or by different ways. The nice think is that you and the seller can arrange the payment method: cash in person, cash by deposit, bank wire, PayPal, etc. The main element element here is to get someone trustworthy. A good tip is utilizing an escrow online service, this way it is possible to protect yourself against any type of fraud. The great thing about these online escrow platform, is that everyone should upload their scanned ID, this guarantees security during the transactions.
Buy bitcoins from an exchange and outlet.
Bitcoin exchanges or outlets are basically online services that make it easier for buyers and seller to accomplish bitcoins transactions. To be part of one of these, all you need is to create a merchant account and get your identity verification before you buy or sell bitcoins.
Buy bitcoins through an ATM.
Some cities around the globe offer physical bitcoin ATMs. You merely get your bitcoins through them using local fiat currency. Governments regulate the uses of these ATMs for security purposes. Sometimes getting a bitcoin ATM near your location may be difficult, because even the positioning where they are installed is regulated.